Bangladesh Bank has appointed Md. Khurshid Alam as the new chairman of Islami Bank following the resignation of the bank’s previous chairman, Zubaidur Rahman. The appointment was confirmed through an official letter sent to the bank’s managing director. The decision came shortly after Zubaidur Rahman stepped down from his position on Sunday.

Khurshid Alam previously served as a deputy governor of Bangladesh Bank, having been appointed to the post in February 2024 under the then Awami League government for a three-year contractual term. However, after the Awami League lost power in August 2024, he and three other senior central bank officials appointed during that period were forced to resign amid staff protests. His new appointment marks his return to a key position in the country’s banking sector.

The central bank’s move to place a former deputy governor at the helm of Islami Bank indicates a reshuffle in financial leadership following political changes in Bangladesh.